Investors, how do you feel about $MC.PA and $CDI.PA? I find them to be a great investment, but the price tag is quite high, luxury brands whether clothing, alcohol, etc. will be with us forever and having customers from the 1% richest people in the world has its benefits too. How do you view these stocks? Do you own them?
The luxury fashion sector anticipates further growth in 2023, with reports projecting a 5-10% expansion by year-end. Factors contributing to this growth include increased disposable income among luxury consumers and an even more significant shift towards online shopping.
The American luxury goods market leads in annual revenue, accumulating approximately 65 billion U.S. dollars...
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Congrats to your first post, Kris :)) And thank you for being part of our community!
It's a great business and I would love to include $MC.PA stock in my portfolio, but the stock is currently expensive. Thus, I will wait for some downside.